Why is Garnet Construct falling/rising?

As of 12-Sep, Garnet Construction Ltd's stock price is currently at Rs 47.10, reflecting an increase of Rs 1.1 or 2.39%. Today's price summary indicates that the stock has outperformed its sector by 2.29% and has experienced a trend reversal, gaining after three consecutive days of decline. The stock reached an intraday high of Rs 47.99, which is a 4.33% increase. Despite this positive movement, there has been a decline in investor participation, with delivery volume falling by 26.71% compared to the five-day average. Over the past month, the stock has shown a significant increase of 23.88%, although it has a one-year return of -4.75%. The company's impressive operating profit growth of 1178.24% and a net sales increase to Rs 39.64 crore contribute positively to its valuation, with a price-to-book value of 0.6, indicating it is trading at a fair value compared to peers.
In the broader market context, Garnet Construction's short-term performance has been less favorable compared to the benchmark, with a one-week return of -0.78% against the Sensex's gain of 1.48%. However, over a longer timeframe, the stock has significantly outperformed the benchmark with a three-year return of 116.55% compared to the Sensex's 36.25%. This suggests that while the stock is currently experiencing a rebound, its recent struggles may be attributed to broader market trends and investor sentiment. The overall positive financial indicators, including a substantial increase in profits and attractive valuation metrics, provide a foundation for potential future growth, despite the recent volatility.